Uniper invested 500 mln euro into Nord Stream 2 pipeline as of end of September

November 14/ 08:21

Germany’s Uniper invested 500 mln euro into the Nord Stream 2 gas pipeline project as of the end of September, Chief Financial Officer of the company Christopher Delbruck said on Tuesday.

"Through the end of September, Uniper had provided about 500 million euro to fund the project," the top manager said. "Despite persistent criticism, Nord Stream 2 is also making continual progress," he said. "The project is on schedule," Delbruck added.

"We continue to monitor the risks carefully," the top manager added.

Nord Stream 2 AG, the Nord Stream 2 gas pipeline project operator, laid over 200 km of pipes on the bottom of the Baltic Sea as of November 6, the company reported earlier.

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Berlin. Germany’s Uniper invested 500 mln euro into the Nord Stream 2 gas pipeline project as of the end of September, Chief Financial Officer of the company Christopher Delbruck said on Tuesday.

"Through the end of September, Uniper had provided about 500 million euro to fund the project," the top manager said. "Despite persistent criticism, Nord Stream 2 is also making continual progress," he said. "The project is on schedule," Delbruck added.

"We continue to monitor the risks carefully," the top manager added.

Nord Stream 2 AG, the Nord Stream 2 gas pipeline project operator, laid over 200 km of pipes on the bottom of the Baltic Sea as of November 6, the company reported earlier.

The Nord Stream 2 project includes construction of two gas pipeline lines with a total capacity of 55 bln cubic meters of gas per year from the coast of Russia through the Baltic Sea to Germany. The cost of construction is estimated at 9.5 bln euro, the launch of the pipeline is expected before the end of 2019, reports TASS.

Nord Stream 2 AG, a wholly owned subsidiary of Gazprom, is the project’s operator. Gazprom’s partners - Germany’s Wintershall and Uniper, Austria’s OMV, France’s Engie and Royal Dutch Shell (the UK Britain and the Netherlands) are to finance 50% of the project.